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SIGNED, SEALED & DELIVERED Protecting Directors. Together.

Oz Minerals chooses inform decision processes,” he said. “This ment, academia, mineral exploration, pe-
deployment will seek to illustrate the value
troleum, hydrogeology, geothermal energy
Aussie-made tech this can create within accelerated studies and geotechnical engineering. It currently
and the ability to provide additional support has long-term contracts with more than 20
Orexplore Technologies Ltd’s analysis to techno-economic assessments. geological surveys and several mining com-
technology will be used by Oz Minerals Ltd “We remain focused on the commerciali- panies.
at its exploration sites to scan thousands of sation of our transformational technology The purchase will give SensOre access
metres of core samples as part of a $2.35 platform through field deployments and lab- to several new targeting and decision based
million binding agreement inked in July. oratory scanning to unlock new value for our proprietary technologies using 2.5 dimen-
The GeoCore X10 hardware will be used customers.” sional airborne EM technology, tensor gra-
to scan and analyse up to 30,000m of core dient technology and automated workflows.
over a six-month period. The hardware will SensOre management said the purchase
be delivered to site in an all-inclusive ship- SensOre makes an was made to bolster its own AI technology
ping container which will be used by on-site intelligent purchase and to access Intrepid’s “large client base
technicians and support staff. and strong cash flows”.
The collaboration is part of Oz’s “Think SensOre Ltd is expected to bolster its The purchase comes after a successful
& Act Differently” (TAD) programme which business after moving to purchase geophys- collaboration between the two company’s
investigates new ways to bolster operations ics software company Intrepid Geophysics technologies during a pilot project in the
and exploration through innovation. as part of a $4 million deal. Stawell and Ballarat gold corridors earlier
Results using Orexplore’s technology will The Melbourne-headquartered Intrepid this year.
be assessed by the TAD team to inform the offers a suite of geological technologies to “Acquiring Intrepid Geophysics is a major
company on how to make exploration more complement SensOre’s own platform of opportunity for us,” SensOre chief executive
efficient. machine learning and artificially intelligent Richard Taylor said. “Intrepid’s deep geo-
The GeoCore X10 hardware will be able exploration services. science and machine learning expertise in
to rapidly extract information from up to 1m The $4 million acquisition will be funded geophysics complements SensOre’s geo-
of drill core in less than 15 minutes. GeoCore via issue of $3 million of SensOre shares chemistry and economic geology focus for
X10 will also be joined by Orexplore’s Insight and $1 million in cash. SensOre expects targeting in mineral exploration. Demand
software which allows for remote decision the purchase to boost its yearly revenue by for advanced geophysics software is strong
making during the exploration process. roughly $2 million. and deployed globally.”
Orexplore managing director Brett Giroud Intrepid’s services include airborne and
said the deal with Oz was indicative of the ground geophysical data processing (In-
industry’s hunger for new technological ad- trepid 3D), airborne EM data processing EQ contract sings
vancements. (Moksha-EM), 3D geological modelling pro- a tune for Golding
“This agreement further demonstrates grammes (Argus) and web-based search
increasing demand for non-destructive, 3D catalogues for geoscientists (JetStream II). EQ Resources Ltd has brought on Gold-
information sourced rapidly from the field to Intrepid’s products are used in govern- ing Contractors Pty Ltd for the early stage
works of a planned open pit restart at the Mt
Carbine tungsten mine outside Cairns.
Open pit operations are forecast to begin
in Q1 2023 with Golding to collaborate on re-
vising the pit’s design, selecting equipment
for cost optimisation and managing the pit’s
development in line with Queensland mining
legislation.
“Golding has strong credentials including
specialist mine site rehabilitation works and
environmental earthworks,” EQ chief execu-
tive Ken MacNeill said.
Orexplore’s core analysing technology will be delivered to OZ Minerals’ work sites in a “Mt Carbine is ramping up treatment of
shipping container

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